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. >> reporter: president obama used his first interview since his re-election to drive home his insistence that key to the u.s. beginning to pay down its debt and avoid going over the fiscal cliff is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious spending cuts. republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some deductions and loopholes. during last year's budget showdown, the president said he wanted to do exactly that. >> what we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base. >> reporter: but now the president does not. he says it will not rais
. >> reporter: president obama used his first interview since his re-election to drive home his insistence that key to the u.s. beginning to pay down its debt and avoid going over the fiscal cliff is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious...
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Dec 5, 2012
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obama is looking -- is taking a page out of their book. the two things he wants to do is number one, you mentioned before. no congressional approval of a debt ceiling, and second, and they're going to do this one, it looks like, unless some rational democratic senators come to their aid which is change the rules of the senate to make 51 votes all that is necessary to pass a bill in the united states senate. it will eliminate by and large the filibuster. >> every majority wants to do that. >> they're the only ones that will do it. they're threatening to do that. in fact, they're scheduled to vote to do that, to change the rules in a way that's never been done before. it's been threatened before, but nobody's ever pulled the trigger on it. it looks like they're willing to pull the trigger to get what they want which is a majority rule to be able to force things down the throats of the american people that they don't want. >> if he gets his revenue but makes no structural change in the way we do business, i mean, if there's no effort to do th
obama is looking -- is taking a page out of their book. the two things he wants to do is number one, you mentioned before. no congressional approval of a debt ceiling, and second, and they're going to do this one, it looks like, unless some rational democratic senators come to their aid which is change the rules of the senate to make 51 votes all that is necessary to pass a bill in the united states senate. it will eliminate by and large the filibuster. >> every majority wants to do that....
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Nov 29, 2012
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thanks to the tax and spend agenda of president obama there's no end in sight. if he's serious about tackling the debt, he'd be talking about reining in spending, but he's hell-bent on one thing, raising your taxes. by the way, don't dare thing for one minute, or believe the hype, that this is only going to affect the so-called rich. this white house is willing to put any and all tax breaks on the table, including letting the payroll tax cut expire. that would move would affect all americans. watch this. >> there are many tax provisions that are expiring at the end of the year, and the president has said that the payroll tax cut, among others, should be on the table. you look at a permanent extension of the middle class tax cuts, the economic effects are different. >> sean: if the payroll tax cut is on the chopping block, nothing is safe. all americans, regardless of how much money you make, you'll be affected. joining us to give us the republicans' view on some of the things, somebody made headlines recently when he appeared to distance himself from a longstand
thanks to the tax and spend agenda of president obama there's no end in sight. if he's serious about tackling the debt, he'd be talking about reining in spending, but he's hell-bent on one thing, raising your taxes. by the way, don't dare thing for one minute, or believe the hype, that this is only going to affect the so-called rich. this white house is willing to put any and all tax breaks on the table, including letting the payroll tax cut expire. that would move would affect all americans....
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>> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice of the tax increase last year, and we got spending restraint for the debt ceiling. remember, the republican house has a tremendous power over the debt ceiling. so all this stuff about how we have to bend to the emperor's will isn't true. >> all right. grover norquist, thanks very much. we appreciate your taking the time tonight. let's bring in james carville and reihan salam. good to see you. grover norquist is not bending. not yet. >> well, president obama, or as mr. norquist refers to him, obama -- president obama has done something mr. norquist has never done in his life and that's get people to v
>> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice...
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Dec 1, 2012
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an unlimited debt limit. he wants no debt ceiling on the amount of money that he can spend. so jay carney is taking shots at john boehner who has said look it's not a serious discussion about how we're going to solve the fiscal problem unless of course we match spending cuts to the number of dollars we increase in the debt limit. >> do you think that could pass congress in all seriousness? no more debt limit? no more power of the purse strings? >> no. >> that's insane. i think it's in the constitution. >> yes. and although president obama this because he got re-elected has he had has a mandate to do whatever he waumpbts, he forgets that the house republicans were also re-elected to kind of hold the line on spending. so no, i don't believe that would make it through congress. >> what about this utterance by the president today? instead of blasting congress, sort of saying he's keeping a list of congressmen? is this like a nixon enemy's list? we've seen this before from president obama. >> we have. we've seen m
an unlimited debt limit. he wants no debt ceiling on the amount of money that he can spend. so jay carney is taking shots at john boehner who has said look it's not a serious discussion about how we're going to solve the fiscal problem unless of course we match spending cuts to the number of dollars we increase in the debt limit. >> do you think that could pass congress in all seriousness? no more debt limit? no more power of the purse strings? >> no. >> that's insane. i think...
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. >> sean: so we're about to hit this debt ceiling. 16.3 trillion, and at the time in 2008 when obama's running, he says it's irresponsible to take a credit card in the name of our kids to the bank of china. we have to pay that money back. now it's 16.3. they're running out of money once again, so republicans are saying all right, we've got to eat our spinach, we've got to eat our broccoli. we've got to study, turn off the tv, turn off the video games and do our homework. is that as appealing as democrats saying free health care, free day care, we'll redistribute the wealth. i mean, it seems like there's a battle for the heart and soul of the country. where does america come down, and where was america traditionally? >> well, first let's address president obama's flip flop on his philosophy there when it comes to raising the debt ceiling. he certainly condemned president bush in those years of raising the debt ceiling, and then look at where he's taken this cufnlt he's taken us into a state of bankruptcy with his changed idea on it being a good thing to raise the debt ceiling. a very sc
. >> sean: so we're about to hit this debt ceiling. 16.3 trillion, and at the time in 2008 when obama's running, he says it's irresponsible to take a credit card in the name of our kids to the bank of china. we have to pay that money back. now it's 16.3. they're running out of money once again, so republicans are saying all right, we've got to eat our spinach, we've got to eat our broccoli. we've got to study, turn off the tv, turn off the video games and do our homework. is that as...
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. >> obama: if congress in any way suggests that they are going to tie negotiations to debt ceiling defaults, and take us to the brink of once again, as part of budget negotiations which by the way we have never done it in our history until we did it last year, i am not going to play that game. we have to break that habit before it starts. >> in other words homey don't play that. >> stephanie: exactly. [♪ "world news tonight" theme ♪] >> stephanie: i'm incredibly relieved to see rationality spreading throughout the republican party. he believes they are signalling interest in backing down on tax cuts for the wealthy. that's what representative welch said earlier on the show. he said they are going to cave. it's just a question of when. the president and boner talking about the fiscal cliff. >> they are talking on the phone. >> stephanie: no he drunk dialed him again. at all hours. >> as long as i'm there, it is open. [♪ "world news tonight" theme ♪] >> stephanie: president obama and the boner spoke by phone about the fiscal cliff. they provided no details about the negotiation, you k
. >> obama: if congress in any way suggests that they are going to tie negotiations to debt ceiling defaults, and take us to the brink of once again, as part of budget negotiations which by the way we have never done it in our history until we did it last year, i am not going to play that game. we have to break that habit before it starts. >> in other words homey don't play that. >> stephanie: exactly. [♪ "world news tonight" theme ♪] >> stephanie: i'm...
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we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to see the republican party's numbers in the 20s. they have no leverage on this thing. >> not going to happen. megyn: we'll leave it at that. thank you both. just ahead. a much more somber note. new warning about the sarin gas threat in syria. city drivers claim a class action that the traffic cameras are actually rigged. soot whole world is watching and the president of the united states made clear there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people.
we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic...
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ç president obama won't have it. the president is attacking the only leverage republicans have left. the president spoke to a group of ceos today and said that he will not negotiate if debt ceiling is going to be used as a hostage. >> i have to just tell you, that is a bad strategy for america, it is a bad strategy for your businesses, and it is not a game that i will play. so i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again, as part of a budget negotiation, which, by the way, we have never done in our history, until we did it last year, i will not play that game. because we've got to break that habit before it starts. >> treasury secretary tim geithner also made it very clear, this is no game. he spoke with cnbc about holding the line with tax increases for the top 2%. >> if republicans do not agree to that, is the administration
ç president obama won't have it. the president is attacking the only leverage republicans have left. the president spoke to a group of ceos today and said that he will not negotiate if debt ceiling is going to be used as a hostage. >> i have to just tell you, that is a bad strategy for america, it is a bad strategy for your businesses, and it is not a game that i will play. so i want to send a very clear message to people here. we are not going to play that game next year. if congress...
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debt and entitlement restructuring. that's what they voted for and the reason he's doing it now is because none of the democratic senators that were elected, and they did a great job, they really kicked our butts with these senators, none of them, not a one of them ran on increasing taxes on anybody in this kind of recovery. that top 2% are the job creators. they're small businesses. >> he also wants congress to give up that leverage over the debt ceiling because that is also presenting itself as another ugly battle. and you know what, paul begala, it is being said that that is one heck of a piece of boehner leverage. >> well, it is. but i think it's outrageous. i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. >> does the president want to go over? we got to listen to all the republicans and the conservative media today are saying president obama wants to go over the fiscal cliff because then taxes go up across the board. >> which is not what the presi
debt and entitlement restructuring. that's what they voted for and the reason he's doing it now is because none of the democratic senators that were elected, and they did a great job, they really kicked our butts with these senators, none of them, not a one of them ran on increasing taxes on anybody in this kind of recovery. that top 2% are the job creators. they're small businesses. >> he also wants congress to give up that leverage over the debt ceiling because that is also presenting...
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obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days migh
obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need...
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>> on the fiscal cliff or the debt ceiling? >> on the debt ceiling. >> i was very interested by your reporting. that you took a really strong position there. i do think the white house has been transformed. both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised, red lobster, olive garden, timely for both, and i will deliver. that is ahead. ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. and his new boss told him two things -- cook what you love, and save your money. joe do
>> on the fiscal cliff or the debt ceiling? >> on the debt ceiling. >> i was very interested by your reporting. that you took a really strong position there. i do think the white house has been transformed. both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time...
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so now you build up the terrific debt and you want to blame obama. how crazy is that? >> stop with the blame bush game, juan. >> no, no. >> i'm tired of it. >> the deficit under bush with two wars raging in 2007 was $161 billion. if we hadn't -- if bush hadn't done his prescription drug entitlement then it was much more -- >> juan, juan, we've got to go. >> republicans never said yes to continuous spinning and baling out wall street here. >> coming up -- thank you going. frightening youtube video you have to see to believe. anarchists calling for violence against american institutions and later sandy's forgotten cameras. we send our cameras to a devastated neighborhood where press residence are still waiting for help by the president and state and local officials and they still haven't i've worked hard to build my family. and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare. once-daily vesicare can help control your bladder muscl
so now you build up the terrific debt and you want to blame obama. how crazy is that? >> stop with the blame bush game, juan. >> no, no. >> i'm tired of it. >> the deficit under bush with two wars raging in 2007 was $161 billion. if we hadn't -- if bush hadn't done his prescription drug entitlement then it was much more -- >> juan, juan, we've got to go. >> republicans never said yes to continuous spinning and baling out wall street here. >> coming up...
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. >> a big obama supporter and his company sped up the dividend payout. stuart: and they borrowed the money, 3 1/2 billion dollars in order to make the $7 per share dividend payout. and somebody downgraded their debt because of that. >> oh, see, now the plot thickens, that doesn't sound good. stuart: it's called hipocracy, that's just mine coming out there. and and dead flat at the opening. the head of the cheesecake factory he says that obamacare will be very costly for small businesses. they will either have to pass the costs along to their customers or cheapen the product, heaven forbid and david overton, i'm quoting now, for those businesses that do not cover their employees, they will be in for a very expensive situation. the price of cheesecake factory up so far this year, down almost 3%, back to 33. the irs is about to release 159 pages of new tax rules, tax rules that will help pay for obamacare. they include, a 3.8% sur tax on investment income of all kinds on upper income people starting next year and .9% health care tax on wages for the rich. a
. >> a big obama supporter and his company sped up the dividend payout. stuart: and they borrowed the money, 3 1/2 billion dollars in order to make the $7 per share dividend payout. and somebody downgraded their debt because of that. >> oh, see, now the plot thickens, that doesn't sound good. stuart: it's called hipocracy, that's just mine coming out there. and and dead flat at the opening. the head of the cheesecake factory he says that obamacare will be very costly for small...
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president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quarter sales in china to decline. lo
president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every...
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we were in this point two years ago when the same things were discussed with obama during the debt ceiling increase and at the end of the day, we ended up with $2.5 trillion in spending savings and not a dollar of tax increase. why? because obama overplayed his hand. he's doing it again. just as he did in 2008. he thought the country had given him a blank sheet of paper to work on. he did the stimulus spending. he went from 70% support down to below 50% and lost the house. now he gets re-elected with less strength, not against a war hero but a guy from massachusetts, and the republicans have the house and he thinks somebody made him king and he's going to have more taxes, more spending, and more regulations. it's a real problem for him. he doesn't have the mandate he thinks he does. so i think he takes us over the cliff because he doesn't -- he's got blinders on. he doesn't see where he stands in the universe. >> okay. there are a couple things to unpack here. i want to go back to this question -- i think what i'm confused about is this kind of game of smoke and mirrors that seems to be pl
we were in this point two years ago when the same things were discussed with obama during the debt ceiling increase and at the end of the day, we ended up with $2.5 trillion in spending savings and not a dollar of tax increase. why? because obama overplayed his hand. he's doing it again. just as he did in 2008. he thought the country had given him a blank sheet of paper to work on. he did the stimulus spending. he went from 70% support down to below 50% and lost the house. now he gets...
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yesterday at a business roundtable of ceos, president obama took a hard line warning opponents not to consider the strategy. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year, i will not play that game. >> senator tom coburn yesterday on "morning joe" became the latest to break ranks saying he could support president obama's tax proposal. he joins a growing group of people urging house leadership to clear the way for a broad deal that would include tax increases on the wealthy. however, according to "the new york times," speaker boehner is enjoying broad support from within his own caucus. and yesterday boehner stuck to his guns favoring closing tax loopholes and capping deductions to raising taxes. >> now the revenues we're putting on the table are going to come from guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their mone
yesterday at a business roundtable of ceos, president obama took a hard line warning opponents not to consider the strategy. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year, i will not play that game. >> senator tom coburn yesterday on "morning joe" became the latest to...
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president obama will add ten, 11, 12 trillion in debt. when he is done with this. >> for years, president obama running when he was senator, running for president always said that the bush tax cuts were only for the rich and only benefit the rich. now he says that the republicans are holding hostage for the lower and middle class. the tax cuts will expire. hypocrisy knows no bounds. >> bob: you just keep shooting your mouth off over and over about this stuff. i said if they came up with a deal on inflation adjustment on social security it would save money. >> dana: cola adjustment is not a big deal. >> bob: yes, you talk about a significant amount of money over ten years. here is the problem. means testing for medicare. >> eric: the problem is everything that -- [ overtalk ] >> eric: everything on the table won't solve the debt problem. >> andrea: that is right. >> eric: won't stop it. >> bob: what will it? >> eric: fiscal cliff will. >> andrea: the plan that the democrats put forward is to give tax breaks to business owners. these are gi
president obama will add ten, 11, 12 trillion in debt. when he is done with this. >> for years, president obama running when he was senator, running for president always said that the bush tax cuts were only for the rich and only benefit the rich. now he says that the republicans are holding hostage for the lower and middle class. the tax cuts will expire. hypocrisy knows no bounds. >> bob: you just keep shooting your mouth off over and over about this stuff. i said if they came up...
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this is why president obama has this country in record debt. that hurt the economy. take-home pay decreased under president obama. we must get entitlements under control. >> rick at the unemployment and housing vouchers. it is 800 billion extra spending. doesn't that have to be cut. >> there is no chance that there will be a dole without entitlement cuts. what senator durbin is talking about is the importance of focusing. if we want a deal you will not doing by taking a wide sprect rum approach. president clinton was clear when he spoke to the republicans. he pointed out that t biggest driver of the united states debt is medicare. he understands that we have to face up to the medicare problem. we need a solution. >> the conference that rick was referring tompt he said folks, i won and i get to make the decision and he grew the budget by 800 billion every year. one-time stimulus has happened every year of the presidency and the president through tim geithener is making a proposal and raising taxes. >> it is absurd what is in the propose and the president is proposing.
this is why president obama has this country in record debt. that hurt the economy. take-home pay decreased under president obama. we must get entitlements under control. >> rick at the unemployment and housing vouchers. it is 800 billion extra spending. doesn't that have to be cut. >> there is no chance that there will be a dole without entitlement cuts. what senator durbin is talking about is the importance of focusing. if we want a deal you will not doing by taking a wide sprect...
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with the debt ceiling into cutting unemployment from ninety nine to seventy four weeks well you know from my armchair i think this all sort of started to occur in the eighty's you know. we had reagan. that was the first time when you know what i was a kid you know people thought guys would complain about taxes but they would complain about paying their taxes they were sort of proud to pay their taxes but who complained about as you know what the government not you know getting a good good good bang for the buck kind of wasting the money two thousand dollars toilets you know in the eighty's you know it became you know. themselves are a bad thing and then you know you had the republican young guns like grover norquist for example. you know who just sort of took that issue and seized upon it and made it their you know they raise money that kind of bought into judo and skis to santa claus theory and decided to go to santa claus the tax cuts you know and they've been doing that for thirty years it didn't work it's not working anymore it seems like there was yeah and that's fine with me ye
with the debt ceiling into cutting unemployment from ninety nine to seventy four weeks well you know from my armchair i think this all sort of started to occur in the eighty's you know. we had reagan. that was the first time when you know what i was a kid you know people thought guys would complain about taxes but they would complain about paying their taxes they were sort of proud to pay their taxes but who complained about as you know what the government not you know getting a good good good...
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. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business to discuss the plan and house speaker jone boehner will meet with the governors and plans to conduct rallies with small business owners and not sure when they will sit down and talk again. >> steve: thank you very much, kelley. we heard there are a number of democrats willing to jump off of the cliff schumer to name one. the white house is telling democrat reporters that the president is not eager to but he is willing to go off of the cliff if the republicans don't agree to raising income tax rates. >> gretchen: that is not surprising. on the show, basically all of the cuts that are coming january 1st are part of the dnc platform except for raising taxes on the middle class which would be $2000 per family under $250,000 income. why would this be a smart thing to do. because january when congress is back
. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business to discuss the plan and house speaker jone boehner will meet with the governors and plans to conduct rallies with small business owners and not sure when they will sit down and talk again. >> steve:...
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Dec 3, 2012
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obama own the debt crisis he has done so much to create. conservative commentator bill crystal says they're making a dangerous gamble. >> republicans are at risk in my view now of looking like they're defending, keeping the current tax rates for the wealthy. end of the day president obama is selling a simple message, i want to keep taxes low for middle-class americans and republicans look like -- i'm worried are in the position offiof ing -- looking as fe the don't care about middle class. >> joining us is the sage of capitol hill, boat shoe enthusiast and celebrity doppelganger, nbc's luke russert. >> good day. happy monday. >> thank you, luke. it's an exciting time on capitol hill my friend. i want to focus first on the gop. is the party coming together, coalescing around something, anything, relating to the fiscal cliff? >> well, i think they're coalescing around anything it's for speaker boehner to continue the negotiations and not give a single inch. the gop has done very well over the last few years is in the negotiations with preside
obama own the debt crisis he has done so much to create. conservative commentator bill crystal says they're making a dangerous gamble. >> republicans are at risk in my view now of looking like they're defending, keeping the current tax rates for the wealthy. end of the day president obama is selling a simple message, i want to keep taxes low for middle-class americans and republicans look like -- i'm worried are in the position offiof ing -- looking as fe the don't care about middle...
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Dec 5, 2012
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candidate barack obama, identical about his law school debt. >> his convention speech as well. >> it's a little eerie. >> you can replace some of the words they're the same script. >> nancy, watching ryan and rubio try to get past 47% and they were both in a very, i think effective ways. very good speeches. >> used the phrase middle class 37 times in 30 minutes, what do you think that's about. >> errol, rubio and ryan are potentially the future of the party and you had what we watched on the senate floor yesterday a bunch of senate republicans with their tail between their legs hiding, worried about primary challenges because they might get rid of american sovereignty to the united nations over disabilities. >> it was a little depressing asking the world to get up to u.s. standards and do what we do as far as curb cuts and access and ability to get around, to suggest that this was somehow going to be bad for america was absurd and i think when we poll it, when you look at it as it starts to sink in, in the country, they'll see they are on the wrong side of yet another issue. >> quickly
candidate barack obama, identical about his law school debt. >> his convention speech as well. >> it's a little eerie. >> you can replace some of the words they're the same script. >> nancy, watching ryan and rubio try to get past 47% and they were both in a very, i think effective ways. very good speeches. >> used the phrase middle class 37 times in 30 minutes, what do you think that's about. >> errol, rubio and ryan are potentially the future of the party...
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Dec 5, 2012
12/12
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now, listen to president obama when he wasn't president obama and he was trying to become president obama on the debt ceil ing. >> the problem is, the way bush has done it over the last eight years, to take out a credit card from the bang of china in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents, number 43, he added $4 trillion by his lonesome, and now we have over $9 trillion of debt. and we will have to pay it back $30,000 for every man, woman and child. that sir responsible. it is unpatriotic. >>eric: so it was unpatriotic and now, he wants us to believe it is bad to have a limit on the credit card. >>guest: the $30,000 is now $50,000 for every man, woman, and child. he failed to point that out. that is the absolute height of hypocrisy. would you give someone who has maxed out every credit card they own more unlimited credit? that is what the president is asking for. it is simply ridiculous and nauseating to people who have to be responsible with their finances. it is hypocrisy. >>eric: you, herman cain. >> did you notice my casual
now, listen to president obama when he wasn't president obama and he was trying to become president obama on the debt ceil ing. >> the problem is, the way bush has done it over the last eight years, to take out a credit card from the bang of china in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents, number 43, he added $4 trillion by his lonesome, and now we have over $9 trillion of debt. and we will have to pay it back $30,000 for every...
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Dec 6, 2012
12/12
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and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. i don't know how any of us can look our kids and grandkids in the eye and explain to them that we aren't willing to pay for the things we are enjoying today but just going to send them the bill. that's why republicans have the proposal on the table t
and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending...
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Dec 5, 2012
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in the debt ceiling negotiations. last time around. they are clearly signals that they have the stronger hand. and they are not -- it doesn't even seem like they are getting to a room. >> yeah. >> bret: to negotiate. >> they feel like they have the stronger hand because he won re-election an every pole shows most americans are fine with the tax rates going up on people making more than $250,000. so they feel like they have that on their side. what they also have on their side the president you can't forget did give in on this issue twice. in the last time he gave in on it he said never again. so that is what is hanging over him. he has his base looking at him saying you gave in on this two times. it's now time to live up to your word. so he is kind of boxed in, in a way politically as well that he has to give this. i agree with charles. you can get the money a different way. i don't think they are going to compromise on that. >> bret: is the base just looking for the scalp of the rates, instead of the money? >> yes. >
in the debt ceiling negotiations. last time around. they are clearly signals that they have the stronger hand. and they are not -- it doesn't even seem like they are getting to a room. >> yeah. >> bret: to negotiate. >> they feel like they have the stronger hand because he won re-election an every pole shows most americans are fine with the tax rates going up on people making more than $250,000. so they feel like they have that on their side. what they also have on their side...
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Dec 7, 2012
12/12
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obama wants the $16.4 trillion debt ceiling to be lifted allowing for more government money to pay off medicare and tax refunds. he says without a resolution to the debt ceiling, there is no deal. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> what the president is really interested in as we learned just yesterday is getting as much taxpayer money as he can first by raising taxes on small business that he believes are making too much money and then on everybody else, not so he can lower the debt or the deficit but so he can spend to his heart's content. >> reporter: there you have it. essentially the both sides of this issue, and they seem at odds at this point, even though there seemed to be a compromise and some hopeful talk about two weeks ago. so things have certainly changed here in the past couple of weeks here on capitol hill. there will not be any debate on this issue today or over the weekend because the house of representatives have gone home for a long weekend. so the debate continues on mon
obama wants the $16.4 trillion debt ceiling to be lifted allowing for more government money to pay off medicare and tax refunds. he says without a resolution to the debt ceiling, there is no deal. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> what the president is really interested in as we learned just yesterday is getting as much taxpayer money as he can first by raising taxes on small business...
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Dec 6, 2012
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stuff on the debt ceiling irritated him. he demanded he had unilateral control -- >> eternity. >> it was a huge overreach. something they could point to. that said the president is going beyond what he campaigned on. in terms of the result, republicans said to me it's hard to envision ultimate scenario in which tax rates for the top bracket don't go up. >> bret: constitutionally, judge, the debt ceiling and that limit, that vote, has to -- >> it those be a vote. a vote by the congress since they began borrowing money in the wilson administration. no president argued or triggered borrowing money without approval from the congress. a statute. if the president attempted to borrow money, any member of congress can go to a federal judge and get them enjoyed in an hour. >> bret: do you think it should be part of the negotiation? part of the republicans' leverage? >> you are talking to somebody who believes that the government should not borrow any money under any circumstances unless it were necessary to preserve the republic; suc
stuff on the debt ceiling irritated him. he demanded he had unilateral control -- >> eternity. >> it was a huge overreach. something they could point to. that said the president is going beyond what he campaigned on. in terms of the result, republicans said to me it's hard to envision ultimate scenario in which tax rates for the top bracket don't go up. >> bret: constitutionally, judge, the debt ceiling and that limit, that vote, has to -- >> it those be a vote. a vote...
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Dec 1, 2012
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obama has said, my way or the highway. his proposal, his budget plan that nobody voted for last year. >> yes and he's asking for more revenue on the debt ceiling he's saying abolish congress' authority to borrow. i want the authority to be in the white house for -- >> sean: obama not leading again. >> it is a giant problem. i am surprised he is out there treating this like a campaign. he's giving speeches and going to campaign events in toy stores and so forth. i'm not sure that solves the problem. >> sean: were you so clear in this book that he blew an opportunity. you are right, he's out campaigning. the problems exist. he's put -- doubled the amount of taxes he wants in terms of -- [ talking over each other ] >> i agree. >> sean: and he wants a blank cheque. where is the criticism of him? i believe you are sincere. where is your criticism that he needs to jump in and lead? >> he does. god knows let's hope he does. because in -- i mean the democrats are living on a fantasy here also. i talked to some of them, they say if
obama has said, my way or the highway. his proposal, his budget plan that nobody voted for last year. >> yes and he's asking for more revenue on the debt ceiling he's saying abolish congress' authority to borrow. i want the authority to be in the white house for -- >> sean: obama not leading again. >> it is a giant problem. i am surprised he is out there treating this like a campaign. he's giving speeches and going to campaign events in toy stores and so forth. i'm not sure...
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Nov 29, 2012
11/12
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spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it. (laughter) instead, they handed it over to something called "the supercongress" which couldn't fail because it was super. (laughter) unfortunately it was also congress so it failed. (laughter) and as a result -- (applause) as a result -- (applause) as a result, folks, we are facing another thing called sequestration which at first sounds like rationing the amount you can watch "sea quest." (laughter) but it's even worse than that. (laughter) sequestration is automatic spending cuts that both sides agree would trigger a new recession. it's like congress put a gun to the economy's head and swore it will pull the triger if congress doesn't put its own gun down. (laughter) it's kind of like a mexican standoff without any mexicans. (laughter) of course, obama's answer to this budget crisis is to raise taxes on the wealthy just because he ran on that promise. and won the election. (laughter) it's like he's totally disregar
spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it. (laughter) instead, they handed it over to something called "the supercongress" which couldn't fail because it was super. (laughter) unfortunately it was also congress so it failed. (laughter) and as a result -- (applause) as a result -- (applause) as a result, folks, we are facing another thing called sequestration which at first sounds like rationing the amount you can...